February 3, 2026 7:22 am
Key Moments Brent crude traded at $65.96 per barrel, while U.S. WTI stood at $61.81 by 0623 GMT, with both down 0.5%. Meanwhile, oil extended Monday’s sharp slide of more than 4% after U.S. President Donald Trump said Iran was “seriously talking” with Washington. Additionally, a stronger U.S. dollar, trade news involving India, and Russian […]
Read moreFebruary 2, 2026 2:32 pm
Key Moments U.S. President Donald Trump is reported to be preparing a $12 billion strategic stockpile for critical minerals under an initiative called Project Vault. The structure reportedly combines $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank, pending board approval. More than a dozen major corporations, including General […]
Read moreFebruary 2, 2026 2:00 pm
Key Moments Deutsche Bank Research Analyst Michael Hsueh maintains a $6,000 per ounce target for Gold despite recent price corrections. The bank views the recent adjustment in precious metal prices as excessive relative to underlying catalysts and not reflective of weaker investor intentions. Stronger investment flows from China, including a rise in SGE premiums, are […]
Read moreFebruary 2, 2026 10:40 am
Key Moments Natural gas futures have hovered near a critical support zone since late December 2025, with cold risks into mid-February limiting upside. Restricted gas supplies to U.S. power plants contributed to generator outages and higher spot prices, according to PJM. Ukraine also faces mounting energy strains amid a harsh winter. February futures expired on […]
Read moreFebruary 2, 2026 8:27 am
Key Moments Silver prices suffered a nearly 30% decline, described as a “move for the history books.” The sharp drop in silver coincided with meaningful declines in Gold and Copper, as outlined by MUFG’s Michael Wan. A strengthening Dollar contrasted with potential support for Asian currencies, while markets assessed Kevin Warsh’s stance on rate cuts […]
Read moreFebruary 2, 2026 7:59 am
Key Moments Gold prices fell 9% last Friday, marking one of the largest single-session moves in recent years. Commerzbank analysts attribute the drop to forced liquidations and unwinding of momentum-driven positions. Despite the sharp setback, gold remains up 13.3% year-to-date, according to Commerzbank’s Charlie Lay and Moses Lim. Gold’s Price Shock Amid Elevated Volatility Gold […]
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